There are several ways you can help to preserve and extend the scope of The Wilson, Cheltenham Art Gallery & Museum. No matter how big or small, your very welcome gift will fit into one of these categories:
A pecuniary bequest: this is a fixed sum of money decided by you.
It may be helpful to suggest the following words for a pecuniary legacy:-
“I GIVE to THE FRIENDS OF THE WILSON, CHELTENHAM ART GALLERY & MUSEUM of Clarence Street, Cheltenham, Gloucestershire GL50 3JT registered charity number 289514 the sum of £[ ] [for the general purposes of the Charity/or state purpose of gift]
and I DECLARE that the receipt in writing of the Treasurer or other proper officer for the time being of this Charity shall be a sufficient discharge to my [Executors/Trustees] who shall not be required to see the application of the property or money concerned.”
A specific bequest: you can bequeath a specific item of value, such as a painting, a piece of furniture, property or shares. If you are considering leaving a specific work of art we would welcome an opportunity to discuss your plans with you before you commit them to a will.
A residuary bequest: this is the gift of the remainder of your estate or a share in the remainder of your estate after all payments, taxes and other bequests have been made.
A reversionary bequest: you can leave the capital value of your assets, including property and investments, to The Friends of The Wilson, Cheltenham Art Gallery & Museum in the future. In the meantime someone else will enjoy the benefit of the income.
What to do
Gifts made to the Friends of The Wilson, Cheltenham Art Galley & Museum are free of inheritance tax, so do remember that your legacy should be given through The Friends. In order to leave a bequest to The Friends you, as the donor, must make a will or amend an existing will. To do this in a way which both reflects your intentions and is legally valid, you should consult your solicitor. We would be happy to talk further to you should you wish to proceed.
Leaving a Legacy – response form
We are delighted when someone wishes to remember us in their will. If you plan to help us in this way, it is very useful for us to talk to you beforehand, so please do let us know. A discussion with you helps us to know how you may have acquired a specific item and to determine how your gift will fit into the museum’s existing collections, to help us to plan future acquisitions and to discover how you wish to be credited.
(We welcome gifts made in memory of a loved one, as many of our prized possessions have been. In any case, we should be glad to discuss the form of words you wish to be connected with your gift).